Last $49.94 USD
Change Today +0.20 / 0.40%
Volume 998.1K
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

agco corp (AGCO) Snapshot

Open
$49.46
Previous Close
$49.74
Day High
$50.21
Day Low
$49.15
52 Week High
04/29/14 - $59.18
52 Week Low
12/1/14 - $41.56
Market Cap
4.4B
Average Volume 10 Days
977.1K
EPS TTM
$4.69
Shares Outstanding
88.4M
EX-Date
02/11/15
P/E TM
10.6x
Dividend
$0.48
Dividend Yield
0.90%
Current Stock Chart for AGCO CORP (AGCO)

agco corp (AGCO) Related Businessweek News

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agco corp (AGCO) Details

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers tractors, such as high horsepower tractors that are used on larger farms and cattle ranches for hay production; utility tractors, including two-wheel and all-wheel drive versions for small- and medium-sized farms, dairy, livestock, orchards, and vineyards; compact tractors for small farms and specialty agricultural industries, such as dairies, landscaping, and residential areas; and combines. The company also provides application equipment comprising self-propelled three- and four-wheeled vehicles, and related equipment for use in the application of liquid and dry fertilizers, and crop protection chemicals; and chemical sprayer equipment for use in planting crops and after crops emerge. In addition, it offers hay tools and forage equipment, including round and rectangular balers, self-propelled windrowers, disc mowers, and spreaders and mower conditioners for harvesting and packaging vegetative feeds in the beef cattle, dairy, horse, and alternative fuel industries. Further, the company distributes a range of implements, such as disc harrows for enhancing field performance; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators, which prepare smooth seed bed and destroy weeds; and tractor-pulled planters and loaders. Additionally, it provides grain storage bins and related drying and handling equipment systems, and swine and poultry feed storage and delivery, ventilation, and watering systems; produces diesel engines, gears, and generating sets; precision farming technologies; and other technology precision farming products, as well as replacement parts. The company markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

20,800 Employees
Last Reported Date: 02/27/15
Founded in 1990

agco corp (AGCO) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $490.2K
Chief Supply Chain Officer and Senior Vice Pr...
Total Annual Compensation: $557.1K
Senior Vice President and General Manager of ...
Total Annual Compensation: $450.5K
Compensation as of Fiscal Year 2013.

agco corp (AGCO) Key Developments

AGCO Corporation Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Full Year Ending December 31, 2015; Provides Production Guidance for the First Quarter, Second Quarter and Full Year of 2015

AGCO Corporation announced consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $2,485.2 million against $2,859.7 million a year ago. Income from operations was $115.4 million against $197.2 million a year ago. Income before income taxes and equity in net earnings of affiliates was $85.6 million against $164.5 million a year ago. Income before equity in net earnings of affiliates was $61.7 million against $125.8 million a year ago. Net income attributable to the company was $77.6 million or $0.85 per diluted share against $139.3 million or $1.40 per diluted share a year ago. Adjusted income from operations was $158.9 million against $197.2 million a year ago. Adjusted net income was $107.9 million or $1.18 per share against $139.3 million or $1.40 per share a year ago. For the year, the company reported net sales of $9,723.7 million against $10,786.9 million a year ago. Income from operations was $646.5 million against $900.7 million a year ago. Income before income taxes and equity in net earnings of affiliates was $539.0 million against $802.6 million a year ago. Income before equity in net earnings of affiliates was $351.3 million against $544.1 million a year ago. Net income attributable to the company was $410.4 million or $4.36 per diluted share against $597.2 million or $6.01 per diluted share a year ago. Net cash provided by operating activities was $438.4 million against $797.0 million a year ago. Purchases of property, plant and equipment was $301.5 million against $391.8 million a year ago. Adjusted income from operations was $692.9 million against $900.7 million a year ago. Adjusted net income was $442.6 million or $4.70 per share against $597.2 million or $6.01 per share a year ago. For the year ending December 31, 2015, net sales are expected to range from $8.1 to $8.3 billion, reflecting the impacts of softer market conditions and unfavorable currency translation. Based on these assumptions, 2015 earnings per share are targeted at approximately $3.00, excluding restructuring and other infrequent expenses. As targeted earnings per share will be $2.89. The company is forecasting operating margins ranging from 5.5% to 6% in 2015, and an effective tax rate of 36% to 37% for 2015. In the first quarter of 2015, sales and earnings per share are expected to be significantly lower than reported for the first quarter of 2014 due to lower production levels. First quarter 2015 earnings per share are expected to be in the $0.25 range. On a year-over-year basis, the company expects production to be down between 15% and 20% in the first quarter of 2015. On a year-over-year basis, the company expects production to be down 10% to 15% in the second quarter of 2015. On a year-over-year basis, full year 2015 production is expected to be down between 7% and 10%. The company expects production volumes to be down again compared to 2014 levels, with more significant reduction in the first half of the year.

AGCO Corporation Presents at Barclays Industrial Select Conference, Feb-19-2015 08:05 AM

AGCO Corporation Presents at Barclays Industrial Select Conference, Feb-19-2015 08:05 AM. Venue: Loews Miami Beach Hotel, 1601 Collins Avenue, Miami Beach, Florida, United States. Speakers: Andrew H. Beck, Chief Financial Officer and Senior Vice President.

AGCO Corporation Increases Quarterly Dividend, Payable on March 16, 2015

AGCO Corporation announced that it has increased the company’s quarterly dividend to $0.12 per outstanding share, up $0.01 from $0.11 per outstanding share paid last quarter. Payment will be made on March 16, 2015 to all stockholders of record as of the close of business on February 16, 2015. This dividend increase reflects the Board’s confidence in AGCO’s strategy and ongoing commitment to create value and return cash to stockholders.

 

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Industry Analysis

AGCO

Industry Average

Valuation AGCO Industry Range
Price/Earnings 11.4x
Price/Sales 0.5x
Price/Book 1.3x
Price/Cash Flow 10.1x
TEV/Sales 0.3x
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